Everything News Jobs Opportunities Events Products/Services
more
 
About
Go to Home
Sign Up Sign in

The Low Carbon Economy Ltd

30 Oct 2007 12:10:21

Wave energy firm seeks AIM listing



Wave energy company Oceanlinx has announced it will seek a listing on London''s Alternative Investment Market.

The firm makes devices that can harness the power of the sea to produce electricity, and is involved in a wave power project off the coast of Cornwall. It also has technology that can make drinkable water from sea water.

"Oceanlinx intends to deploy this technology, capitalising on its ''early mover advantage'' to become a leading supplier of electricity and clean water through a Build, Own and Operate business model," a spokesman said.

"The company believes that its technology will allow it to produce electricity on a larger scale, at lower cost and at higher levels of reliability than that currently achieved by other wave power devices."

The global demand for energy is expected to double over the coming 20 years, and renewable energy is likely to produce a growing proportion of this.

Its project in Cornwall, the Wave Hub, is expected to be operational by the fourth quarter of next year and is "the first large-scale multi-technology wave energy development".

The issue of alternative energy is becoming more important in light of record high oil prices, which broke through the $90 a barrel mark last week.
ADNFCR-1235-ID-18334901-ADNFCR


Discussion Thread  

 


Related Categories

Clicking a category below will direct you to a list of related information

Skip Navigation Links.

The Low Carbon Economy Ltd Community



Related Items From Everyone


  1. 2015 Global Desilter Industry Report is a professional and in-depth research report on the...

    09 Feb 2016
  2. Mark Alston, general manager of ENER-G procurement, discusses four fundamental rules to reduce...

    30 Sep 2012
  3. We thank the Department of Energy and Climate Change (DECC) for working to address the gap in...

    26 Apr 2011
  4. The Japanese government is misleading its people with confusing statistics on carbon emissions,...

    14 May 2009



Go To Home

Resource Links

We're social: View Available Feeds Find out more! Leave us your feedback

RSS



We appreciate all feedback. Please leave as much or as little as you like about any aspect of this website.

If your message requires a response, please leave your email address.